Mon02262018

LAST_UPDATEMon, 26 Feb 2018 9am

FGV Net 2017 Profit Rises To RM208Mil

KUALA LUMPUR -- Felda Global Ventures Holdings Bhd (FGV)’s net profit rose to RM208.04 million in the financial year ended Dec 31, 2017 from RM66.45 million recorded a year ago.

Read more: FGV Net 2017 Profit Rises To RM208Mil

Snap Boss Spiegel Took Home $638m In Flotation Year

Wall Street has been left wide-eyed amid revelations the co-founder and chief executive of Snap was awarded $638m (£458m) in 2017.

Read more: Snap Boss Spiegel Took Home $638m In Flotation Year

Kylie Jenner 'Sooo Over' Snapchat - And Wall Street Panics

Pic: Getty Images

Reality TV star Kylie Jenner wiped $1.3bn (£1bn) off Snap's stock market value after tweeting that she no longer used its Snapchat messaging app.

Read more: Kylie Jenner 'Sooo Over' Snapchat - And Wall Street Panics

HTC Lays Off Large Number Of Employees In US Office

Pic: Lowyat.net

Warning bells appear to be going off at HTC. A report indicates that the company has laid off a large number of staff at its US office, leaving only personnel to oversee the HTC Global side of operations.

Read more: HTC Lays Off Large Number Of Employees In US Office

Uber Will Aggressively Invest In Southeast Asia, Won't Let SoftBank Rule It: CEO

Pic: ReutersNEW DELHI: Uber Technologies Inc’s chief executive pledged to continue investing aggressively in Southeast Asia even though the U.S. ride hailing firm expects to lose money in the fast growing market due to costly battles with rivals such as Grab.

Read more: Uber Will Aggressively Invest In Southeast Asia, Won't Let SoftBank Rule It: CEO

Tender For ECRL Works To Open In April

BENTONG: At least 30 per cent of the East Coast Rail Link (ECRL) infrastructure works packages will open for tender beginning April.

Read more: Tender For ECRL Works To Open In April

BNM International Reserves At US$103.6b As At Feb 15

KUALA LUMPUR: Bank Negara Malaysia’s (BNM) international reserves stood at US$103.6 billion (US$1=RM3.91) as at Feb 15, 2018 from US$103.7 billion on Jan 30, 2018.

Read more: BNM International Reserves At US$103.6b As At Feb 15

Petronas' Subsidiary Secures LNG Contract To India

KUALA LUMPUR: Petronas’ subsidiary, Petronas LNG Ltd (PLL), marked a new milestone with the signing of a sale and purchase agreement (SPA) with H-Energy Mideast DMCC (HEMD), its first-term liquefied natural gas (LNG) contract to India.

Read more: Petronas' Subsidiary Secures LNG Contract To India

Asian Stocks Slip As U.S. Rate Risk Sours Sentiment, Dollar Holds Gains

SYDNEY: Most Asian share markets followed S&P 500 futures lower on Thursday as speculation of faster hikes in U.S interest rates soured risk appetite globally.

Read more: Asian Stocks Slip As U.S. Rate Risk Sours Sentiment, Dollar Holds Gains

Malaysian Bond Yields Spike Amid Volatile Markets

KUALA LUMPUR: Malaysian bond yields faced upward pressure in tandem with increasing global yields amid the volatile world markets, said RAM Rating Services Bhd.

Read more: Malaysian Bond Yields Spike Amid Volatile Markets